GM On Track For First Full Year Of Profit Since 2004

By Scott Sarvay

November 11, 2010 Updated Nov 11, 2010 at 2:06 PM EDT

DETROIT (Indiana's NewsCenter) - General Motors is seeing more profits heading into its public stock sale.

The automaker posted a $2 billion profit for the third-quarter profit on Wednesday.

It marks GM's third straight quarterly profit, putting the company on track for its first full-year profit since 2004.

GM's IPO is set for next week, and shares will be traded on the New York Stock Exchange beginning next Thursday.

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